Jim Rickards, investment banker and economist with over thirty years’ experience in capital markets, speaks of the coming new great depression, explaining why it’s different from a recession and any other crisis we’ve experienced in our lifetimes.

? Useful resources we recommend:

7 Ways to Create a Sustainable, Passive Income for Life – https://wealth.yt/richdad
Best Crypto Online Courses: https://wealth.yt/cryptoversity
How To Profit From Crypto In A Short Time – https://wealth.yt/ultimatum
Get $25 Crypto Bonus & Earn up to 8.6% APY On BlockFi – https://wealth.yt/blockfi
Get 4 FREE Stocks On WeBull – https://wealth.yt/free-stocks
Secure Your Crypto Assets On Trezor – https://wealth.yt/trezor
Manage All Your Money Accounts From One Place – https://wealth.yt/capital
Get 50% Off Motley Fool’s Stock Advisor – https://wealth.yt/stock-advisor
Best Training On How To Launch A High-Ticket Online Business – https://wealth.yt/start-here
The Video & Music Library We Use: https://wealth.yt/elements

[Affiliate Disclosure – Our channel is viewer-supported: when you buy through those links, we may earn an affiliate commission at no extra cost to you. If you enjoy our content, and you’re interested in one of the resources above, please consider using our affiliate link. This channel is a personal project, and every little contribution will help us to keep it going. Thank you!]

▬▬▬▬▬▬▬▬▬▬

This Is WHY We Are In A New Great Depression. “Printing Money Isn’t Stimulus” – Jim Rickards

Jim (James) Rickards is a lawyer, investment banker, and economist with over thirty years’ experience in capital markets. He is the author of Currency Wars: The Making of the Next Global Crisis (2011) and five other books. James Rickards frequently does interviews and podcasts where he discusses his views on the world of finance, economics, investing, and currency. He is often known for his interesting contrarian point of view on the current market and global economic conditions, gold, and monetary policy.

0:00 – Why we are in an economic depression, and why it’s different from a recession
0:35 – Why deflation, and not inflation, is the greatest danger for the economy
1:58 – Why there are the two kind of gold investors: those with weak hands, and those with strong hands
4:06 – Why the stock market is detached from the real economy
4:26 – How the Federal Reserve “money printing” machine is turning $454 billion into $4 trillion
6:11 – Why this new money printing is NOT stimulus and it will not stimulate the economy
6:59 – Why this crisis is different from others by being both a supply AND demand shock
8:36 – Why the closest similar crisis is the Great Depression of 1929
10:06 – Why the economic recovery will be slow
10:43 – Why the impact of this new great depression will last for a generation

#finance #investing #JimRickards

▬▬▬▬▬▬▬▬▬▬

? Related videos you might like:

► Jim Rickards Says Brace Yourself for the New Great Depression; Strong Hands Watching Gold by Stansberry Research
https://www.youtube.com/watch?v=EGeJ2JJsSyU

► The Coming Financial Crisis and the Return to Gold – Robert Kiyosaki, Kim Kiyosaki, and Jim Rickards by The Rich Dad Channel
https://www.youtube.com/watch?v=W9mSECDpbzA

► The 2021 Stock Market Crash Explained by Minority Mindset
https://youtu.be/GtwClTMC5L0

► The December Stock Market Crash | Do this NOW by Meet Kevin
https://youtu.be/xes3srNVhkw

► Stock Market Melt-Up Continues (Watch Out!) Inflation Kicking Up, Bitcoin Technical Analysis by Conquer Trading & Investing
https://youtu.be/av0FF61qCWU

► What The ECONOMY Is TELLING US: Inflation Warning (Full Details) by J Bravo
https://youtu.be/hTWjsUV5JTA

► Major Money Printing Underway, Investors Prepare For Hot Inflation, BofA Warns Code Red For Stocks by Silver Report Uncut
https://youtu.be/XjIFRuyhH8A

► Inflation is Picking Up Steam by Heresy Financial
https://youtu.be/87yyWLAU2vI

▬▬▬▬▬▬▬▬▬▬

? Get videos like this every week: http://wealth.yt/subscribe

Wealthy Value is an educational platform about business, global economics, and financial education. We help investors, entrepreneurs, and anyone looking to master the future of finance.

Looking to become more financially literate in this changing economy?

? Subscribe here: http://wealth.yt/subscribe

▬▬▬▬▬▬▬▬▬▬

Copyright Disclaimer: Wealthy Value is a web channel intended to provide business knowledge through video essays and analytical compilations. It is intended primarily for the purpose of encouraging informed discussions, criticism, and review of business topics and towards such purpose, the programs use short extracts of cinematographic films, sounds recording, and photographic works. These clips and extracts are of a minimal nature and the use is not intended to interfere in any manner with their commercial exploitation of the competition for work by the owners of the copyright.